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Tonusdt

Toncoin (TON) holders record gains: analysisToncoin (TON) holders are seeing their investments pay off. The supply of coins held at a profit has reached a new weekly high, following a decline to a seven-month low. This surge in profitability comes just a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France. Following Pavel Durov’s public condemnation of his arrest on September 5, market sentiment has shifted positively towards Toncoin. The value of the Telegram-linked asset has surged by 15% over the past seven days, bucking the general market downtrend. As Toncoin’s price climbs, the percentage of its total supply held in profit has also surged. At press time, it sits at a seven-day high of 53%. This rise in profit has led to a shift in strategy among TON’s short-term holders. Data from IntoTheBlock reveals that many addresses that purchased the coin in the past month are now holding onto it, resisting the urge to sell. TON’s technical setup confirms that the altcoin is poised to extend its gains. For example, the Moving Average Convergence/Divergence (MACD) indicator — which tracks trend direction, shifts, and potential price reversal points — confirms the growing demand for the altcoin. At press time, TON’s MACD line (blue) rests above its signal line (orange) and is making its way toward the zero line. If TON maintains this uptrend, it will target resistance at $6.8. However, a spike in profit-taking activity may invalidate this bullish projection. If selling pressure gains momentum, it will pull Toncoin’s price to $4.46.
Long
by paul_endeo
TON Toncoin Potential Sell-OffIf you haven`t bought TON before the breakout: Now you need to know that on August 24, 2024, the arrest of Telegram founder Pavel Durov by French authorities sent shockwaves through both the platform and its cryptocurrency, Toncoin (TON). Durov's arrest, reportedly tied to illegal activities on Telegram, has been widely seen as an attack on free speech, which has paradoxically boosted interest in both Telegram and Toncoin. This spotlight on Durov and his platforms presents both challenges and opportunities. While the surge in activity signals increased attention, the future is uncertain. The ongoing investigation and heightened regulatory scrutiny are likely to impact TON's market performance. Investors and users are closely watching for further legal actions, as they could have significant consequences for Telegram and Toncoin. With the regulatory landscape in flux, TON remains a risky investment until the legal situation stabilizes. My price target for TON is $2.15.
Short
by TopgOptions
Adapting for the Perfect Short Setup on CRYPTO30As CRYPTO30 consolidates, we’re nearing a potential short setup that echoes the ideal conditions from late August. Here's how I plan to approach this trade, focusing on volatility and Bollinger Band dynamics. Why the CRYPTO30 Index? The CRYPTO30 Index aggregates the price movements of the top 30 cryptocurrencies by market cap, providing a broad view of the overall crypto market. Using this index helps gauge general sentiment, as it reflects how the majority of leading cryptos are moving in tandem. By focusing on CRYPTO30, I can analyze the market's collective behavior, which often leads individual coins. This makes it a valuable tool for timing short positions, as large-scale sentiment changes are easier to spot in an index than in single assets. Previous Setup: The Perfect Short on August 25 On August 25, we encountered an ideal shorting opportunity as price and volatility reached overbought levels. The key signal was when the ATR% closed back inside the 2 standard deviation Bollinger Band, indicating volatility was contracting. This provided a low-risk, high-reward setup, as the market was primed for a pullback. Trade Exit Strategy For that August 25 trade, my exit criteria were straightforward: -20% Profit Target, or -ATR% closes back outside the 2 standard deviation high volatility (red) zone. This allowed me to maximize potential gains while protecting against expanding volatility, which could lead to an adverse market move. Current Market Outlook Now, volatility is compressing again, as indicated by the declining ATR%. My primary setup is waiting for the ATR% to close back inside the 2-stdev Bollinger Band. This would be the ideal short entry, as it signals overbought conditions with volatility contracting, similar to August 25. Adapted Short Entry Strategy However, if the market doesn’t give me that perfect entry and instead begins to reject from current levels, I’ll adapt. In this case, I’ll enter a short if the price closes inside the red Bollinger Band channel (2-3 standard deviations), signaling a potential overbought reversal. Adapted Exit Strategy For this adapted scenario, my exit strategy will also change. -I will exit the trade if: The price closes outside the red Bollinger Band channel before moving 2 standard deviations after entering it. This exit minimizes risk in case of a false breakout or quick market reversal. Indicators to Watch ATR Percentage & Bollinger Bands: I use an indicator that combines both ATR% and Bollinger Bands. I’m watching for ATR% to drop inside the 2-stdev band or for price rejection inside the red channel. Z-Score & Z-Score of RSI: These indicators help confirm overbought/oversold conditions, adding further confirmation to my short setup. Trading Plan Primary Short Entry (Ideal Setup): I’ll enter a short when the ATR% closes back inside the 2-stdev Bollinger Band, mimicking the August 25 trade for optimal risk-reward. Adapted Short Entry: If the market doesn’t provide the ideal setup, I’ll adapt and enter when the price closes inside the red Bollinger Band channel (2-3 standard deviations), indicating potential overbought conditions. Trade Exit Strategy -20% Profit Target: I’ll exit the trade at a 20% profit. -ATR% Breakout: Alternatively, if the ATR% closes outside the 2-stdev high volatility zone, I’ll exit to manage risk. -Adapted Scenario Exit: If the price closes outside the red Bollinger Band channel before moving 2 standard deviations after entry, I’ll exit to minimize risk from a false breakout. Risk Management -Stop Loss: My stop will be placed just above the Bollinger Band or near the entry point, depending on the setup, ensuring minimal risk. -Profit Target: I’ll aim for a mean reversion toward the middle Bollinger Band or secure profits at the 20% level. This strategy hinges on volatility compression and overbought conditions. My ideal short entry remains when ATR% closes back inside the 2-stdev Bollinger Band, but I’m ready to adapt and enter if the price closes inside the red Bollinger Band channel. I’ll manage exits based on either hitting a 20% profit, ATR% expanding, or the price closing outside the red Bollinger Band before moving 2 standard deviations. Why Trade High-Beta Coins on Bybit? When trading derivatives, high-beta coins (beta > 1.5) offer significant opportunities due to their higher volatility relative to the broader market. Beta is a measure of an asset's sensitivity to market movements. Coins with a beta above 1.5 tend to move more aggressively than the overall market, which can work in favor of a trader looking to capitalize on price fluctuations. For example: ARBUSDT , AVAXUSDT , FILUSDT , NEARUSDT , SOLUSDT , and TONUSDT are all coins with high beta values. Advantages of Trading High-Beta Coins Increased Volatility: High-beta coins tend to experience larger price swings compared to the market average. For derivative traders, this increased volatility translates into more profit opportunities when positioned correctly. Amplified Returns: When the market trends strongly, these coins will usually move with a higher magnitude, meaning the potential for gains is larger than with low-beta assets. Directional Bets: If you have a strong conviction on market direction (bullish or bearish), high-beta coins allow for bigger moves, enhancing profitability in derivative trades like futures or perpetual contracts. Hedge Opportunities: Traders can also use high-beta assets to hedge more stable positions or portfolios, as their exaggerated movements can offset losses elsewhere.
PEPPERSTONE:CRYPTO30Short
by LordGiorgioCapital
Could #TON Be on the Verge of a Massive MOVE? Yello, Paradisers! Could we be standing on the edge of a major market move for #TON? Let's break it down! 💎#TONUSDT is currently sitting at a crucial juncture around the support zone of $5.017. We’ve been keeping a close watch as #TON navigates through a descending channel. Recently, it broke above this channel, signaling a potential shift in momentum. If this upward movement holds steady, we could be looking at a strong bullish continuation ahead! 💎But wait—don’t let your guard down! If this momentum weakens around the support, we may see a pullback toward the next demand area around $4.914. 💎 A daily close below this level could invalidate our bullish scenario and open the door for further downside risks. Stay focused, Paradisers! The next move could be a game-changer. Keep watching the #TON price action carefully; your patience and vigilance might just pay off big time! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
TON Still Seems BearishAs you know, the main structure of TON is bearish. A supply range has been formed. From this range to the demand range, the price can move down. We are looking for sell/short positions in the supply range. We also have a POI range on the chart. We are looking for buy/long positions in this range The closing of a daily candle above or below the specified invlidation levels will cause a violation of the specified movement For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
TON TRADING IDEATONUSDT Analysis: Daily Timeframe 📊 The chart illustrates TON/USDT on a daily timeframe with clear Buy and Sell signals based on the forecast. Here’s a breakdown of the significant upcoming dates and signals: 🟢 October 4, 2024 - Buy Date (Green Line): This date is forecasted as a local bottom, indicating a favorable time to start accumulating long positions in TON. Expect a price decline leading up to this point, providing a good opportunity to enter long trades. 🟥 September 19, 2024 - Sell Date (Red Line): This line marks a potential local peak, suggesting it could be a good time to take profits or tighten stop-losses as a correction may follow shortly after. 🟥 October 29, 2024 - Sell Date (Red Line): Another local peak forecasted for this date, signaling another ideal point to close positions and avoid possible price retracement. 🔴 Support Level Alert: The horizontal red line at $3.558 signifies a critical support level for TON. If the price approaches this level, it’s essential to closely monitor for potential breakdowns or bounces. 🕒 Note: All times are based on Los Angeles time (UTC -7). There may be a slight margin of error of 1-2 candles depending on the timeframe. Cross-reference with higher and lower timeframes for more accurate decision-making.
by trushkovskiy
TON Analysis - What Shall we Expect !!!OKX:TONUSDT The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. also 4.3$ is a good support for TONCOIN . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
Toncoin (TON) rebounds after Durov breaks silenceThe odds appear to be shifting in favor of Telegram-linked Toncoin (TON), whose value has risen by almost 10% in the past 24 hours. The altcoin has outperformed other cryptocurrencies during that period, thanks to Pavel Durov’s first public statement since his arrest on August 24. In the statement, Durov expressed gratitude for the support he received following his recent arrest in France, where he was questioned by police for four days. He revealed that authorities suggested he could be held personally responsible for illegal activities on Telegram due to a lack of response from the platform. Durov highlighted that Telegram has a designated representative in the EU to handle such requests and that French authorities had various means to reach him. He criticized the approach of holding CEOs accountable for third-party actions on their platforms, calling it a misguided application of outdated laws. Toncoin’s performance on the 12-hour chart hints at the possibility of an extended rally. First, readings from its Moving Average Convergence/Divergence (MACD) show its MACD line (blue) poised to cross above its signal line (orange). When this happens, it indicates a potential shift in the market trend from bearish to bullish. It suggests that the asset’s momentum is trending upward, and traders often interpret this as a buy signal. Also, the Chaikin Money Flow (CMF), which tracks how money flows into and out of the market, attempts to cross above the zero line. When an asset’s CMF crosses above zero, it indicates that buying pressure is starting to outweigh selling pressure. Therefore, it suggests that buyers are gaining control of the market. If this buying pressure is sustained, TON’s price could rally toward $5.32. Breaking past this critical area of resistance could increase the chances for another upward move to $5.96.
Long
by paul_endeo
$TONUSDT cannot escape this trap.After the arrest of Pavel Durov, CEO of Telegram, CRYPTOCAP:TON is enduring a bearish movement. During the past hours CRYPTOCAP:TON managed to escape the bearish trend and started showing signs that it will reach $5. After touching $4,9 he dropped again to $4,79 getting inside the upper level of Fibonacci which is $4,81. As it has entered this level I believe we are going to see more shorts till we reach $4,67 where we will need to re-evaluate the market.
Short
by logicrypto
TONUSDT Possible beginning of a trend reversalTONUSDT saw a significant drop following Durov's arrest, falling below the May low. However, the price has since formed a false breakout below this key monthly low. After dipping under the psychological level of 5.00, the market appears to be forming an accumulation zone. It has retraced 50% of the range established between June 2023 and July 2024, with an overall correction of about 45%. There is still a chance the price could dip further, reaching a 50% correction. However, with a strong support level in place and noticeable divergence, there is potential for a gradual upward move, signalling a possible reversal and buying opportunity. The target is the resistance zone at 6.00
Long
by RTED_Investing
What to expect from Toncoin (TON)?Toncoin (TON) has dropped by 10% in the last 24 hours, pushing its price below $5 for the first time since May. Currently trading at $4.67, this new low has market participants speculating about the token’s short-term future. The key question is whether TON will experience a quick recovery or if the recent decline signals further losses ahead. Toncoin price has been trapped in a correctional phase since August 19. This decline implies that the Telegram-backed cryptocurrency has had more periods of distribution than accumulation. Furthermore, the daily chart shows that TON had formed a rounding top pattern between August 2 and 26. This pattern is typically considered bearish and signals a potential reversal of the previous uptrend. From the chart below, after the pattern appears, TON had a neckline at $5.99 that could either prevent a drawdown or accelerate it. However, the bulls could not keep the price above the neckline, leading to a slip below $5. Currently, bulls are not in a position to assist Toncoin in its recovery. As a result, the price could drop below $4.60, potentially reaching $4.55. However, if buying pressure picks up, this downtrend could reverse, allowing TON’s price to rise toward $5.40.
Short
by paul_endeo
TON BUY🔍 TON/USDT Analysis: 1-Hour Timeframe 📉 The TON/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE - September 4, 2024, 01:00 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating TON or entering long positions. • BUY DATE - September 5, 2024, 01:00 and 05:00 - Green Lines: These times suggest additional potential local lows, marking favorable conditions for considering new positions or accumulating more TON. When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Is Telegram Slowly Becoming a Hidden Crypto Powerhouse?Telegram has rapidly positioned itself as a formidable force in the cryptocurrency sector, quietly amassing significant digital asset holdings and generating substantial revenue from crypto activities. Despite its ongoing legal battles and operational losses, the messaging giant is making bold strides in the blockchain space, raising questions about its future role in the crypto industry. Financial Snapshot: Telegram’s Crypto Revenue and Holdings Telegram’s 2023 financial report, audited by PwC’s Dubai branch, reveals the company’s strategic pivot towards the crypto market. The firm’s digital asset holdings have surged past $400 million, eclipsing its cash reserves. This impressive figure is largely composed of Toncoin, the native token of Telegram’s blockchain project, The Open Network ( CRYPTOCAP:TON ). With over 40% of its $342.5 million revenue generated from crypto-related activities, Telegram’s financials paint a picture of a tech company deeply intertwined with digital assets. Despite reporting a substantial operating loss of $108 million, Telegram’s integration of crypto into its business model has proven profitable. The firm’s newly introduced integrated wallet and sales of Toncoin have become significant revenue drivers, showcasing the company’s seamless incorporation of blockchain technology into its platform. Deep Integration of Crypto Services Telegram’s commitment to the crypto ecosystem extends beyond mere asset holdings. The integrated wallet, introduced as part of the company’s broader crypto strategy, enables users to store, send, receive, and trade various cryptocurrencies, including Toncoin ( CRYPTOCAP:TON ). The revenue from this service stems from its integration into the social media platform and the provision of continuous access to users. Payments for collectibles like usernames and virtual phone numbers, which can be purchased using Toncoin ( CRYPTOCAP:TON ), further underline Telegram’s active participation in the crypto economy. However, the most striking aspect of Telegram’s strategy lies in its management of Toncoin ( CRYPTOCAP:TON ) holdings. The company successfully mitigated potential losses by strategically selling a substantial portion of its Toncoin ( CRYPTOCAP:TON ) before a recent market downturn, realizing approximately $243.5 million. This proactive approach underscores Telegram’s active management of its crypto exposure, highlighting its role as more than a passive participant in the market. Telegram’s Legal Troubles and Market Position Despite its success in the crypto space, Telegram faces significant challenges, including legal issues. The arrest of its founder, Pavel Durov, in France for allegedly failing to control criminal content on the platform has cast a shadow over the company’s operations. However, Durov’s subsequent release has sparked renewed optimism within the crypto community, signaling that Telegram’s troubles might not derail its ambitious plans. Telegram’s growing crypto involvement, coupled with its substantial operating expenses of over $450 million, has led to questions about its overall valuation. Despite raising $2.3 billion from high-profile investors, including sovereign wealth funds, the company’s financial sustainability remains under scrutiny. Durov’s initial valuation of over $30 billion seems increasingly optimistic given the firm’s current challenges. Technical Outlook: TON Token’s Performance As of the time of writing, the CRYPTOCAP:TON token is down 2.79%, reflecting broader market downturns. The Relative Strength Index (RSI) stands at 37.98, signaling an oversold condition and increased selling pressure. Technical analysis indicates that CRYPTOCAP:TON ’s price is teetering near the $5 pivot. Holding this level is crucial for boosting investor confidence, especially amid Telegram’s ongoing network outages and blockchain challenges. The TON blockchain has faced issues, including network disruptions where blocks failed to produce, which has sparked concerns among investors. Addressing these technical weaknesses could help solidify TON’s reputation as a potential “Solana killer,” a moniker that highlights its ambitious aspirations within the competitive blockchain landscape. Challenges and Opportunities Telegram’s foray into the crypto world is a double-edged sword. On one hand, the company’s deep integration of blockchain and digital assets positions it as a major player in the crypto sector. On the other, its ongoing legal issues, operational losses, and technical challenges present substantial hurdles. Telegram’s active management of its crypto holdings and strategic moves within the market suggest a company keen on navigating these complexities. The firm’s success will hinge on its ability to leverage its crypto capabilities while addressing internal challenges and regulatory scrutiny. Should Telegram continue to refine its blockchain infrastructure and improve user experience, it could solidify its place as a hidden powerhouse in the crypto world, with the potential to redefine how tech companies engage with digital assets. Conclusion Telegram’s journey in the crypto market is a fascinating tale of ambition, risk, and innovation. With its significant Toncoin holdings and integrated crypto services, the messaging app is quietly but powerfully staking its claim in the digital asset space. However, the path ahead is fraught with challenges, and Telegram’s ability to navigate these will ultimately determine whether it can transform from a hidden player into a leading force in the blockchain era.
by DEXWireNews
(Update) !!! TON Analysis : Bull or Bear ? (READ)The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. Previous Analysis ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
2
Toncoin (TON) price analysisToncoin (TON) has recovered after its weekend bloodbath following the news of the arrest of Telegram founder Pavel Durov. As a result, TON plummeted from $6.73, dropping almost 12% on Saturday and 2.93% on Sunday to end the weekend at $5.76. As we can see in the price chart, TON faced significant selling pressure on Saturday and Sunday, hitting lows of $5.45 and $5.26, respectively. The current week began with TON still languishing in the red, dropping below the 200-day SMA after a drop of almost 11%. Monday’s crash also saw TON slip below $5.50 and settle at $5.14. TON rallied on Tuesday as buyers returned to the market thanks to strong lower-level demand, rising over 6% and settling at $5.45. The altcoin faced substantial volatility on Wednesday, dropping to a low of $5.13 and a high of $6.04 before settling at $5.54 after an increase of 1.58%. The current session sees TON up by 1.24% as it struggles to move above the 200-day SMA, acting as a dynamic resistance level. With Durov granted bail on Wednesday, market watchers were hopeful it would have a positive impact on the TON price. However, there is no indication of a rally, with large wallet holders remaining skeptical and dumping around 123 million TON in the past 24 hours. As such, the sentiment around TON remains bearish.
by paul_endeo